The Aluminum Caps & Closures Market Size is Estimated to Grow From USD
5.58 Billion in 2018 to USD 6.80 Billion By 2023, at a CAGR Of 4.05%.

The aluminum caps & closures market is driven by factors such as rise in
demand from end-use industries such as pharmaceutical, food, and
beverage as well as increase in concern about the quality and safety of
the product. However, the increase in usage of packages without closures
such as pouch & blister packaging threatens the growth of the aluminum
caps & closures market. Moreover, other substitutes such as plastic caps
& closures restrain the growth of the aluminum caps & closures market

The Asia Pacific region is projected to be the fastest-growing market
during the forecast period. It is also projected to hold the largest
market share due to increase in commercialization and rise in demand for
packaged goods in the region. The markets in China and India are
projected to be lucrative due to their rising middle-class population
and increasing consumer spending on packaged products.